Suburb Profile Report for Karabar NSW (2620)

Karabar House: Median price $490,000, Annual capital growth 2.97%, Number of sales 125, Weekly median advertised rent $450

Karabar Unit: Median price $370,000, Annual capital growth 3.07%, Number of sales 42, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of 2.08% for the last year, Karabar, 2620 is the 2867th highest performer in Australia in this respect.

While Karabar,2620 ranked number 688th in NSW for increase in median house value (annualised) increase, it is ranked 1176th over the last 5 years.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.24% offered to property buyers. Sellers in Karabar itself are offering an average vendor discount of -2.77% to real estate investors.

At number 791 in a list of fastest selling suburbs, Karabar is in the bottom 40% of suburbs in Australia with an average of days on market 73.29 for properties listed there.

Situated 246.25km from the CBD, Karabar is one of Queanbeyan localities in the postcode 2620.

With a capital gain of 2.78% for the last 12 months, Karabar, 2620 has performed for property investments than its average annual 3.07% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Karabar has increased when compared to the 5 year average annual rate.

Property buyers and investors in Karabar 2620 should be seeing an average reduction in asking price of around -3.21% . This means that Karabar is holding prices well when compared to other suburbs in NSW.

Karabar, 2620’s gross rental yield is 4.22%

Metrics i HOUSE UNIT
$490,000 $370,000
2.08% -0.94%
2.08% 2.78%
2.97% 3.07%
$450 $300
125 42
4.78% 4.22%
73.29 93.05

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 8600
Median household income ($/weekly) 1559
Median age of persons 35
Median housing loan repayment ($/monthly) 1900
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1233 14.3
    25-34 years 1221 14.2
    35-44 years 1282 14.9
    45-54 years 1280 14.9
    55-64 years 977 11.4
    Others 2608 30.3
    Age Group
    Census Count Percent(%)
    Registered Married 2936 46.7
    Not Married 2695 42.9
    Defacto Relationship 658 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6737 82.7
    Germany 205 2.5
    Papua New Guinea 147 1.8
    United Kingdom 193 2.4
    Other 262 3.2
    Others 602 7.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 65 0.8
    Christianity 6223 78.8
    Islam 64 0.8
    Other Religious Groups 39 0.5
    No Religion 1464 18.5
    Others 40 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 218 7.8
    $1,250-$1,499 220 7.9
    $1,500-$1,999 414 14.8
    $2,000-$2,499 350 12.5
    $2,500-$2,999 281 10.1
    Others 1307 46.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3165 49.3
    Not in the labour force 1723 26.8
    Employed, worked part-time 1083 16.9
    Employed, away from work 298 4.6
    Unemployed, looking for work 156 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 464 10.2
    Professionals 664 14.6
    Technicians & trades workers 714 15.7
    Clerical & administrative workers 960 21.1
    Labourers 462 10.2
    Others 1281 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 123 6.0
    Infants/Primary 766 37.5
    Secondary 648 31.7
    Technical or Further Educational Institution 219 10.7
    University or other Tertiary Institutions 255 12.5
    Others 34 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7278 88.3
    Semi-detached, row or terrace house, townhouse 762 9.2
    Flat, unit or apartment 182 2.2
    Caravan, cabin, houseboat 20 0.2
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1187 39.6
    Rented 928 30.9
    Fully owned 872 29.1
    Other tenure type 14 0.5
    Tenure Type
Census 2011, ABS
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